Option Agreement Contract Template for Canada

1. Due Diligence: Include when the option holder has the right to conduct investigations before exercise

2. Security Registration: Include for options involving securities requiring registration

3. Tax Matters: Include when specific tax considerations need to be addressed

4. Regulatory Compliance: Include when the option involves regulated assets or activities

5. Right of First Refusal: Include when there are additional rights beyond the main option

6. Confidentiality: Include when sensitive information will be shared during the option period

7. Employee Rights: Include for employee stock option agreements

8. Environmental Matters: Include for real estate options where environmental issues are relevant

1. Schedule A - Description of Option Subject Matter: Detailed description of the property, shares, or rights subject to the option

2. Schedule B - Exercise Notice Form: Template form for exercising the option

3. Schedule C - Payment Terms: Detailed payment structure and mechanisms

4. Schedule D - Due Diligence Requirements: List of required documentation and verification procedures

5. Schedule E - Encumbrances: List of any existing encumbrances on the option subject matter

6. Appendix 1 - Corporate Resolutions: Relevant corporate authorizations for the option agreement

7. Appendix 2 - Regulatory Approvals: Copies or details of required regulatory approvals